CASA GRANDE — The city will no longer see construction anytime soon of a proposed gasoline plant that would have generated over 2,000 jobs, officials say.
Back in March the Houston-based company Nacero announced plans to build a $3.3 billion plant in Casa Grande to convert natural gas to gasoline. The company originally planned to start construction on the plant in 2021 and have it completed by 2025.
However, according to a statement from City Manager Larry Rains, the city team received a notice from Nacero representatives of their decision to reprioritize the order of building plants weeks ago.
According to Rains, the city was told that the Casa Grande location would be the third plant to be constructed.
Not long after, the city team was advised by Nacero representatives that after further evaluation, a business decision was made to withdraw the draft effluent agreement with the city of Casa Grande and to release property owners from the land transaction.
“While we fully understand that business decisions must be made, it was reassuring to hear from the Nacero team that they couldn’t have received a better reception and interaction from our elected body, staff and community,” Rains said.
The plan would have generated approximately 2,000 construction jobs and 265 permanent jobs.
According to a press release from the company back in March, Arizona State University estimated that Nacero Casa Grande would have added an estimated $6.9 billion to the economy of the state over 40 years, not counting income taxes.
According to Rains, the city team will continue to focus on attracting quality economic development prospects to the community.
“We wish the Nacero team well in their future endeavors,” Rains said.
Nacero did not file an application for annexation prior to notifying the city of its decision.
”The city is prepared to review, evaluate, and process any application that is formally submitted,” Rains said.